earlier today we had the draw for the champions league last 16. at this stage, teams from the same country or who came through the same group are kept apart. the holders manchester city look to have been given an easy path to the quarters. they will face the lowest ranked team left in the competition the danish side fc copenhagen. these are the other ties as they were drawn at uefa headquarters in nyon, switzerland. premier league leaders arsenal face porto while italian champions napoli face barcelona. german giants bayern munich also face italian opposition in lazio. the current serie a leaders inter milan play atletico madrid while there is a daunting task for rb leipzig against the iii time champions real madrid. those ties will be played over two legs in february and march. here is the reaction of manchester city director of football txiki begiristain to facing copenhagen. of course, we remember the two games we played against them and it went well not in copenhagen
countries will include the united kingdom, bahrain, canada, france, italy and spain, among others. this is notjust a us issue, this is an international problem and it deserves an international response. and that s why i m convening a meeting tomorrow, a ministerial meeting, with fellow ministers in the region and beyond to address this threat. for exactly what this shipping disruption might mean for the global economy, i spoke to hung tran, who s a seniorfellow at the atlantic council and also former deputy director at the international monetary fund. this area of the red sea leading to the suez canal is quite important in terms of the volume of trade passing through it. about 12% of global trade passes through the red sea, including 30% of the container shipping. all together, it accounts for about us$1 trillion per year of world trade, so it is quite significant, and a disruption there would cause damage to world trade. aside from avoiding this area, what can companies do
at this stage, teams from the same country or who came through the same group are kept apart. the holders manchester city look to have been given an easy path to the quarters. they will face the lowest ranked team left in the competition the danish side fc copenhagen. these are the other ties as they were drawn at uefa headquarters in nyon. premier league leaders arsenal face porto, while italian champions napoli face barcelona. german giants bayern munich also face italian opposition in lazio. the current serie a leaders inter milan play atletico madrid while there is a daunting task ahead for rb leipzig against the iii time champions real madrid. those ties will be played over two legs in february and march. here is the reaction of manchester city director of football txiki begiristain to facing copenhagen. of course, we remember the two games we played against them and it went well not in copenhagen, but at least at the etihad. but it s not worth to talk too much about
italy and spain, among others. this is notjust a us issue, this is an international problem and it deserves an international response. and that s why i m convening a meeting tomorrow, a ministerial meeting, with fellow ministers in the region and beyond, to address this threat. for more on what the shipping disruption might mean for the global economy, i m joined from washington by hung tran, a senior fellow at the atlantic council and former deputy director at the international monetary fund or imf. thank you so much forjoining us on the programme. firstly, if you can explain how important this area is to global trade? important this area is to global trade ? important this area is to global trade? important this area is to ulobaltrade? , ., ., ., global trade? this area of the red sea leading global trade? this area of the red sea leading to global trade? this area of the red sea leading to the - global trade? this area of the red sea leading to the suez l red sea le
havoc to global trade. speaking in bahrain, the us defense secretary lloyd austin said participating countries include the united kingdom, bahrain, canada, france, italy and spain, among others. this is notjust a us issue, this is an international problem and it deserves an international response. and that s why i m convening a meeting tomorrow, a ministerial meeting, with fellow ministers in the region and beyond to address this threat. for more on what the shipping disruption might mean for the global economy, i m joined from washington by hung tran, a senior fellow at the atlantic council and former deputy director at the international monetary fund. this area of the red sea leading to the suez canal is quite important in terms of the volume of trade passing through it. about 12% of global trade passes through the red sea, including 30% of the container shipping. altogether, it accounts for about us$1 trillion per year of trade, so it is quite significant, and a disruption